- Gann Theory utilizes geometric patterns and angles to predict price movements based on the belief that markets are cyclical.
- It incorporates time and price to forecast market trends, considering factors like the 1:1 line which represents a 45-degree angle.
- Traders use Gann indicators like the Gann Fan or Gann Grid to identify potential support and resistance levels.
Could someone break down how Gann Theory is used in analyzing markets? I've heard it involves geometry and astrology and stuff, but I'm not sure how all that ties into trading. Would be cool to get some insights from anyone who actually uses it to make trading decisions. Cheers!
Absolutely, Gann Theory can seem a bit out there with its mix of astrology and geometry, but its core focus is really on the principles of time and price that Gann believed were crucial to the market movements. It's about finding patterns that could potentially signal when to make a trade based on historical price movements and market cycles.
It's definitely a complex theory with a lot of layers to it. The idea is to identify potential market turns or significant price movements based on time cycles and repetitive patterns. It's not solely about the mystical elements, but rather understanding the natural order in market movements.
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